Peel the pumpkin, remove the seeds, and dice it into small cubes. Finely chop the onion and garlic.
In a large pan, heat the olive oil over medium heat. Sauté the onion and garlic until translucent.
Add the pumpkin to the pan and cook for 8-10 minutes, or until softened and slightly caramelized. Set aside half of the pumpkin. Puree the remaining pumpkin with an immersion blender until smooth.
Toast the Arborio rice in the pan for 2-3 minutes, then deglaze with white wine. Cook, stirring constantly, until the wine has evaporated.
Begin adding the hot vegetable broth to the rice, one ladleful at a time. Allow each ladleful to be fully absorbed before adding the next.
When the rice is almost cooked through (al dente), stir in the pumpkin puree, butter, and grated Parmesan cheese. Season with salt, pepper, and fresh thyme.
To serve, top the risotto with the reserved pumpkin cubes and sprinkle with fresh thyme leaves. Serve hot.
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